Which quadrant does India want UPI in?
Launched in 2016, UPI now dominates retail digital payments in India, accounting for over 80% of the volume and processing a massive 300 million transactions every month. What began as a government-funded project is now a public utility. Unlike private companies like Visa or Mastercard, government-funded entities like the Internet or the World Wide Web are not typically judged in terms of profitability. Their vast economic and innovative benefits far outweigh their costs. Viewing UPI
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